Company number 02650108
Charity number 1101496
Crying Out Loud Limlted
(Limited by guarantee)
Report and financial statements
for the year ended 31 March 2025

Crying Out Loud Llmited
(Limited by guarantee)
Contents
Page
Legal and administrative informalion
Chair's statemenl
Artistic Director's introduction
Trustees, report
6-16
Auditors, report
17-20
Statement of linancial activities (including income and expenditure account) 21 23
Balance sheet
24
Statement of cash flows
25
Notes lo the linancial statements
26-32

Crying Out Loud Lim6ted
(Llmited by guarantee)
Legal and adminlstrative information
Constltutlon
The company is incorporated under the Companies Act, cornpany number 2650108
and its governing documeni is its Mernorandurn and Arlicles of Association. The
company is a registered charity, number 1101496.
Directors and trustees
The directors of the charitable company ('the charily,) are its trustees for Ihe purpose
of charity law and throughout this report are collectively referred to as the trustees.
Trustees are nominated Ihrough the process set out in the Articles of Association.
Policies and procedures adopted for the induction and Iraining of trustees are
ongoing and incorporated indirectly inlo the regular truslees meetings.
The trustees during the year and since the year-end were:
Billy Ridgers
Cat Harrison (Chair)
Mark Kowalik
Marta Sala Font {resigned 5
November 2024)
Michael Brinton
Tracey Low
Sue Daniels
Andrea Sheppard (appoinled 8 May 2024)
Anna Potten (appoinled 8 May 2024)
Amanda O'Reilly (appointed 5 November
2024)
Secretary
Rachel Clar8
Artlstic Dlrector
Rachel Clare
Executlve Director
Sarah Macnee
Auditors
Compass Accountants Limited, Venture House, The Tanneries, East Street,
Titchfield, Hampshire, P014 4AR
Bankers
CAF Bank, 25 Kings Hill Avenue, Kings Hill, Wesl Malling, Kenl, ME19 4JQ
Lloyds Bank, 25 Gresham Street, London EC2V 7HN
The Co-operative Bank PLC, PO Box 250, Skelmersdale, WN8 6 wr
Aldermore Bank PLC, Apex Plaza, Forbury Road, Reading, f4G1 1AX
Registered office
Venlure House, The Tanneries, Easl Slreet, Titchfield, Hampshire, P014 4AR
Operation addresses
Former Pay Office, College Road, The Historic Dockyard, Porlsmouth, P013LJ
Somerset House, Strand, London, WC2R 1 LA

Crying Out Loud Limited
(Limlted by guarantee)
Chair's statement
During 2024-25, Crying Out Loud continued to facilitate artworks and support artisls
locally and globally. In the Solent region Crying Out Loud have established
themselves as an imporlanl resource lor the local infrastructure, supporting six
successful funding bids for local ar￿OrkS. This included the ambitious project A Sea
ol Words, developed with both local Portsmouth based organisations as well as
interi)ational artisls based in Hong Kong.
We have also seen the strategic partnership between Crying Out Loud and Third
Version Creative strengthen and blossom, with two successful pllot Carousel
residencies bringing artists, producers and feslivals together from across the globe.
Through this partnership we see Rachel Clare and Sud Basu not only pioneering
new posslbilities for these creatives lo collat)orate, but lor themselves as Arlislic
Directors. Rachel and Sud are pioneering new possibilities for leadership and growth.
All of this has been achieved with Crying Out Loud's devoted and talented team, who
have also worked hard in developing and delivering the new website, communicating
clearer pathways to arlists and promoters working with the organisation, The
financlal picture for Crying Out Loud remalns healthy, wilh reserves being used
carefully whilst also acknowledging the tumultuous climate tor the arts sector in the
UK and abroad,
Cat Harrlson
Chair
5 November 2025

Crying Out Loud Limited
(Limited by guarantee)
Arlistic Director's Introductlon
The delivery of the tirst Iwo Carousel pilol residencies in the year 2024125 was a
significant step forward for our strategic partnership with Third Version Creative
(TVC).
The first, held in Vilnius at the Small State Theatre and Arts Printing House, broughl
together six multidisciplinary artists trorn Lithuania, Czech Republic, Wales, and
England to explore creative exchange. Highlights included radical public space
interventions, objecl-based choreography, and provocalions on access and
representation from UK artists Head Over Wheels,. and who also presented their new
work, Anchored in Air, as parl of a Lithuanian circus festival.
The second pilot in Prague, delivered in partnership with local collective
Zdruhestrany as part of their EmbassyTown programme, continued this model of
practice-sharing and idea development. Alongside the residency, Sud Basu (of TVC)
and I hosted discussions on touring and collaboration" and facilitated 1-to-1
dialogues witli local arlists and organisations.
We also deepened our international engagement and sector leadership through
strategic partnerships and arlist development. Sud and I co-wrote a contribution to
Circostrada's influenlial Placernaking paper, sharing case sludies from our work in
the Solent and TVC'S work in County Durham. and we have been invited to joinlly
contribute a chapter to an upcoming publicalion on arl in public spaces by Outdoor
Arts Portugal, due in 2025126.
In the Solent region, the year saw greal progress of our programme through slrategic
parlnerships and talent development. Our Solent Programme Producer, Lucy,
provided one-lo-one support to local artists and organisations; and COL was featured
in Ihe first Cultural Collective Annual Report for Portsrnouth and in the Hampshire
Cultural Trusl's new Culture Connects platlorm. Lucy and I supported six successful
funding bids, including for Bad Immigranl, Rawkus City Festival, and A Sea of Words
in Portsmouth (an internalional collaboralion belween Hong Kong artists and local
partners for 2025).
And linally, I have lo mention the in-deplh process of brainstorming the possibilities
of communicalion through our website that was ably led by COG design. We finally
launched a brand new website in March 2025. 1 hope it provides a greater insight into
our work, both current and historic. and that it serves us well lor tho next len years.
Rachel Clare
Artlstlc Director
5 November 2025

Crylng OLrt Loud Limited
(Llmlted by guarantee)
Trustees, report
The trustees are pleased to present their annual directors, report together with the
financial statements for the year ending 31 March 2025 which are also prepared to
meet Ihe requirements for a directors, report and accounts lor Companies Act
purposes.
The legal and administrative inlormation set out on page 3 forms part of this report.
The financial statements comply wlth the Charities Act 2011, the Companies Act
2006, the Memorandum and Articles ol Associalion, and Accounting and Reporting
by Charities.. Statement of Recommended Practice applicable lo charilies preparing
their accounts in accordance wilh the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 102) {effective 1 January 2015).
Prlnclpal actlvity
The principal activity of the charity is to commission, produce and present live
contemporary performances and interaclive events for audiences of all ages.
Objectives and actlvltles for the publlc benefit
The Irustees confirm that they have complied with the duly in section 17 of the
Charities Act 2011 and referred to the guidance contained in the Charity
Commission's general guidance on public benelil when reviewing the charity's aims
and objectives and In planning future aclivitles.
Benefit to Ihe public
Crying Out Loud (COL) are pioneering creative producers, nurturing artists working in
contemporary visual theatre often in the lields of circus, physical theatre and
installatlon. We programme memorable events for audiences ol all ages and abilities
al festivals, in venues and for sile-specilic performance in th8 UK. As a network
leader we work inlernationally, advocating lor artists and conlemporary performance
by making connections, inilialing collaborations and creating opporlunilies in the UK
and Europe.
From 1 July 2023, we entered into a new and long-term partnership wlth Third
Version Creatlve (TVC) lounded by independent producer, Sud Basu. As parl ol Ihis,
we developed a colleclive vision and strategic aims, TVC'S activities Ihat are partly
financially supported through this parlnership are detailed as parl of COL'S aclivities
In this report.
oll tiv
To slrengthen connections and understanding across cultures through world-class,
relevant and diverse contemporary visual theatre and innovalive interdisciplinary
work.
The Slrate
ic Pro
ramme Aims
Producing Commissioning & Presenting New Work
Support the creation and manifeslation of new visual theatre and interdisciplinary
work that disrupts cullural norms, collaborates across boundaries and onables
audiences to engage wilh world class work.

Crying Out Loud Llmited
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Supporting Innovative Artistic Practice
Enable international artists to progress and develop their individual practice through
the development of global residency schemes, skills development and innovative
touring practice
Enabling Critical Global Dialogues
Strengthen global sector infrastructure, cultural and creative exchange through
brokering, mentoring and networking, with a focus on connecting artists and
audiences across nations and global borders.
Embedding Sector Knowledge & Skills in the Solent area
Strengthen and diversify the infrastructure {arlists, producers and presenting
partners) to support stronger engagement and activity in visual theatre and
Interdisciplinary practice, prioritising areas of low cultural engagement
The activities detailed below evidence key achievements for the year in relation to
the strategic aims slated above.
Taroo by Company Zld (Sald Mouh88ln•)
Taroo Is a work that combines storytelling, circus {including Chlnese pole, parkour
and wheelie bins) wlth public engagement. It is led by Moroccan artist Sald
Mouhssine.
Sald and Portsmouth based digital artist Thomas Buckley were in residence 23.251h
July with Bradford Council's Waste Services Department researching stories of the
city's street cleaners, running workshops and presenting a sharing at Mind the Gap.
Said also perlormed 3 shows in Centenary Square to large festival crowds. Georgi
Maslouski, an early career videographer local to Bradford and student at the
Universlty of Bradford made a short film of both the residency and Ihe audience
responses to the show.
lame G8me by Kundle Cru
COL transferred producing responsibilities ol this European company and its first
work lo the Irish company Promenade. Promenade's founder and artistic director,
Kath Gorman, worked in partnership with us on the EU funded creation and
presentation of Union Black in 2017118 - Kundle Cru was founded by artists who met
in this earlier project. As a result of these positive changes for the collective, COL wlll
no longer produce Blame Game but will remain an associate.
Promenade has secured funding to tour Blame Game in Ireland in early 2025 and
develop their new show Birds.
Rural Touring In the Soulhwest
COL and Diverse City worked with Take Art on the presentation of six shows across
rural venues in the Southwest. COL also organised and delivered three days of
additional workshops led by Farmyard Circus in February 2025 in primary and
secondary schools in Portsmouth and Havant.
The final assets and toolkits developed for venues and companies are now
available on COL'S website as well as through the other partners. These focus on

Crying Out Loud Llmited
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welcoming and improvingthe experience for Dldeaf, neurodivergent and
disabled audience members and performers.
The final touring figures were: 33 venues, with 42 shows and 36 workshops
delivered throughout 2024, reaching 6,932 attendees - more than doubling the
target. The evaluation evidenced the following re the attendees:
55 % had not seen a live circus show in the last two years
95% found the shows enjoyable
94% said the experience was memorable
82% said it was thought-provoking
COL co-comm1881on•d and or supported works
Anchored In Alrand a new chlldren'8 Show by Head Over Whee18; 1 Am. Am I
by Lu Wong
COL contlnued to support Tilly and Jonny of Head Over Wheels produce Anchored in
Air. Anchored in Air premiered in May 2024 as part of the Brighton Festival and was
also shown in London Docks as part of Certain Blacks festlval.
COL secured a 3-day lour of Anchored In Air in Lllhuanla as part ol the Circuliacija
Festival in Vilnius and Kaunas In June. The intention of the festival was to introduce
thelr audiences to disabled circus artists for the first time. This included a meet-the-
artists session as part of the talks programme as well as pre-show touch lours for
bllnd and partially sighted audlence members- a flrst In Llthuania.
COL also supported an Arts Councll appllcatlon to develop a new BSL element as
parl of Anchored in Air and Head Over Wheel's approaches for funding to support
the development of a new indoor children's show.
COL supported Lu Wong on the contractual commitments of the TURN prize and
other funding applications. COL supported her participatlon in the My Body My
Space Festival in Mpumalanga, South Alrica where she shared a work in progress of
l Am. Am I, delivering workshops and parlicipated in other artisls, workshops and
sharings of work.
En8emble 84- TVC
Following a successful Arts Council England Place Partnership bid, TVC commenced
a n8w international partnership project with IsLgLD￿￿baSed In Cape Town to
explore the creation of a bilat8ral exchange programme and an offshoot of the
company to be based in Horden County Durham. Entitled Ensemble 84 - the
company began to develop a new participatory model of theatre.
In April 2024, Ensemble 84 took possession of Horden Methodist Church and started
a 3-year partnership with the Durham Church Circuit. The launch event was attended
by over 200 people including members of the Horden Community, local creative
organisations and Arls Council England. Isango Ensemble presented a series of
small performances as part of the event. Overall, the event was well received -
drawing very positive feedback from tho community, from stakeholders and from the
representative from Arts Council England. Activilies in the year included:
Company auditions - with over 200 applications for 15 positions.
Open days, and weekly informal workshops took place with members of
Isango Ensemble.
Six months of training for the new company commenced in October 2024

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A Xmas event at Horden Methodist Church which attracted local audiences
for a gentle evening of performance and readings.
Mother Courage, adapted by North East writer Lee Hall (noted for his
screenplay for Billy Elliot) was confirmed as Ensemble 84's first work, for
presentation in 25126 in the North East and featuring a cast comprised of UK
and South African perlormers.
TVC work8 In development
TVC continued to work with Dalija Acin Thelander on developing Fields ol Tenderfor
presentation in 2025. The work seeks to engage young people principally early years
(under 5) with learning difliculties with an immersive experience to tour healthcare
settings.
TVC continued to support the creation, development and touring of a refreshed new
work Prima by Czech artist Viktor Cernicky, a participatory interdisciplinary work
focusing on movement and muslc for teenagers.
rblc have been supporting Kate Flatt's work for several years- princlpally her
outdoor work Weather Machine which explores climate justice and emergency in a
gentle yet poignant way. In May 2024 TVC supporled the presentation of the work in
a new context - exploring the work with a large group of recently arrived asylum
seekers based in Ely and Greater Cambridgeshire - together with Babylon Arts and
Cambridge Junction.
TVC have commenced the exploration of a more formal relationship wlth Letchworth
Garden City, in Hertfordshire to support the growlh of cultural capacity and activity.
This has included hosting a Producer Hub and a series of 1-2-1 mentoring sessions
with more established artists and organisations in Ihe area.
TVC commenced the development of a large-scale performance-based commission
with UK based writer Tariq Ali, and the Sharjah Art Foundalion based out of UAE.
The work will explore oppression, activism and the legacy of colonial interference
across the Middle East. This included a site visit to Doha in May 2024 with Qatar
Museums and an R&D period in September resulting in a clear proposal, outline
creative team and full budget plan. Qatar Museums confirmed their full support of the
creation and presentation phase, and a funding agreement was signed.
Susan Kempster's work The Mother. initially supported in development by TVC
opened in Sadlers Wells in April 2024 as part of Ihe Elexir Festival. This was followed
by presentations In Leeds and Berlin.
Aim 2: Su
ortin
Innovative Arti
Practi
Developlng and pllotlng the Carousel approach - COL and TVC
COL and TVC planned and delivered Ihe first pilot in June 2024 as part of Cirkuliacija
Festival in Vilnius, Lithuania. It was hosted in the rehearsal rooms at the Small State
Theatre of Vilnius and the Arts Printing House. Six multi-disciplinary artists from
Lithuania, Hungary, Wales and England, exchanged their practice and explored new
potential for inlernational collaboration. Marija Baranauskaité, Lithuania's site-specific
radical clown, took everyone onto the streets of Vilnius with a chair each for a subtle
interrogation of public space; Viktor Lernicky's play-time with multiple car tyres
tested motion, balance and rhythm with interesting explorations incorporating them

Crying Out Loud Llmlted
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around Jonny's wheel-chair wheels like huge tractors; as an older arlist with
experience of large scale site specific landscape work in Wales, Mark Rees brought
a gravitas and gentle interrogative approach. Tilly and Jonny from Head Over
Wheels, as the younger artists, and only disabled artists present, offered a new
approach that questioned the able-bodied lens through which the majority of artists
make work.
TVC and COL planned and delivered the second pilot in Prague In December 2024
and in partnership with Viktor ternicky and his collective company. It was parl of a
scheme called EmbassyTown led by Prague based collective ZDRUHESTRANY.
The pilot followed a slmilar schedule to that of the residency In Vilnius -with
opportunities for artists to share their practise, to engage in conversations and
discussions, and to explore the seeds of new work. Alongside the residency th8re
were panel discussions around maklng work and touring - and COLrrvc hosted 1-2-
1 conversations with local organisations and artists. The arlists included were part of
ZDRUHESTRANY and Head over Wheels from the UK. The residency was cut short
by a day due to the poor weather in the UK affecting fllghts.
Head Over Wheels were inspired by connecllons made with Zdruhestrany artlsts at
the Carousel Residency In Prague and this influenced the development of their new
Indoor children's show.
In July 2024, COL and TVC were hosted by SPOT Festival and èieko Dance
Company in Nida and Vilnius to explore Ihe possibility of a future partnership project.
Nida - a district of Lithuanla located on the North-west tip of the country, which
hislorically has been a destination for visual artists and writers and offered a number
of possibilities towards a further residency scheme.
li
Networklng and brokerlng by COL and TVC
Activities included:
COL started dlscussions with Southbank Centre for the 2026 751h annlversary
celebrations for the Royal Festival Hall for a staging of Horizon, Raphaelle
Boitel's outdoor site-specific takeover as seen as part of the Cullural
Olympiad programme in Parls In summer 2024. This would include local
parkour, free-runners and acrobats.
COL attended Circa Festival in Auch, pitching of new shows and viewlng
more Lithuanian circus work;
COL began working with Head Over Wheel's Personal Access Assistant
Daniella Faircloth to devise a new approach combining her evolving role as
an Access Producer in relation to international and UK touring.
COL visited Marseille and Paris to begin discussions re West African
circus show Yongolyely from Guinea.
COL continued to attend the Outdoor Arts UK 'Drop In, zoom sessions and
with online Circus Change UP meetings, focusing on Advocacy and Touring.
COL continued contact with Karim Trussi at Karacena Festival, Morocco with
an invitation to take parl in round table events at festival in Salé Rabat.
COL and TVC contributed towards the development of a new paper devised
by Circostrada exploring placemaking. As one of 5 case studies, the joint
examples include work undertaken by COL in the Solent - plus activity in
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Crying Out Loud Limlted
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Durham led by TVC. The paper was published online in August 2024 and
promoted internationally.
COL and TVC co-authored a chapter in a new publication on the Outdoor
Arts. The book is created by Outdoor Arts Portugal Project
{www.outdoorarts.pt), for both digital and physical dissemination. The
publication aims to bridge the arts - parlicularly artistic creation in publlc
spaces, including performance arts - with placemaking strategies. It seeks to
analyse, debate, and inspire approaches that challenge and strengthen this
connection.
TVC and COL met with British Council Central Asia to explore potential
opportunities with Uzbekislan's creative community.
TVC was part of the Caravan curatorial group selecting works to be
presented to an international market.
TVC attended T￿￿]￿￿ in August 2024 - a major international gathering
nz
of producers, artists and promoters focused on contemporary dance and
physical theatre. TVC platformed Dalija Acin Thelander as part of the event -
and utllised the platform lo promote TVC and COL partnership and Its roster
of artists for onward support and presentation.
TVC started working in partnership with Without Walls, Outdoor Arts UK and
101 Outdoor Arts to support the development of a collective sector strategy
for the Outdoor Arts in England. This work builds on the work that Sud
undertook wlth David Micklem and Simon Chatterton in 2021- around a
vision for the Outdoor Arts post COVID.
TVC dellvered a major residencyl skills development scheme in Egypt as parl
of D-CAF - the trainlng and mentoring of 10 local artists who had been
selected to pto&&t]I work in the 2024 edition. The scheme also extended to a
group of self-producing artists and producers from Saudi Arabia - who were
looking to develop their practise of working internationally. TVC led
workshops on Producing, Commissioning and Co- Productions across 5
days.
TVC Joined a new network group convened by the Clore Duffield Foundation
exploring the future connections between the arts and education sectors. The
group will meet quarterly to support and Instigate new ways ol working and
pilot programme ideas.
Mentorlng by COL and TVC
Activities included:
COL attended the EU New Horizon's Mentoring final meeting and conference
in Riga with Hungarian mentee Sophie Zoletnik.
TVC'S meetings with artists and creatives in the period included Sean Pearce,
Marc Rees, Brian Lobel, Bobby Baker.
COL'S meetings with artists and creatives included Lu Wong, Tilly Lee
Kronick, Daniella Faircroft, Sam Bossman (Isle of Wight), Elisabeth Efua
(based in Ghana), Sophie Zoletnik (Hungary
Aim 4: Embeddin
t r Knowle
Skills in the Solent area
Re8earch Solent-based artl8ts and partners
Durlng the year, COL continued to build relationships through one-to-one meetings
as well as a wide range of networking events in the region. COL keeps track of its
connections through an updatable padlet and it comprises - Portsmouth (40
connections), Gosport (20), Isle of Wight (16), New Forest (9), Havant (3) and wider
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Solenvlocal region (20). COL supported the development of thirteen funding bids by
partners, of which six were successful. COL contributed to the first Cultural Collective
Annual Report for Portsmouth and is featured in the newly launched Hampshire
Cultural Trust Culture Connects website
A Su of Words lor Portsmouth
Work on developing and fundralslng a presentation of this highly vlsual participatory
multisensory Installalion in 2025 progressed well during the year. The lead artists are
Kingsley Ng and Stephanie Cheung from Hong Kong and il wlll reflect on life-
changing voyages using light, sound and text in its storytelling. COL is working with
partner 432-Nomads on developing the content with the artists, and Portsmouth
Historic Quarler is the partner for the presentation. Associate partners are
Portsmouth Creates, Portsmouth City Council and Aspex Gallery. COL supported the
arllsts successfully apply for funds to the Hong Kong Arts Development Council as
well as 432 Nomads successful application for Arts Council support.
Developlng connoctlon8 between Sol•nt area and nallonaMnt8rnatlonal artl8t8
and work
In additlon to the work on A Sea of Words above, activities that developed natlonal
and inlernalional connections wilh the Solent area included:
Moroccan artist Said Mouhssine from Cie Zid worked alongside Portsmouth
based artists Sasha Biloshisky and Thomas Buckley on R&D for Playable
Monument.
COL connecled Brighton based artist, Jen Irons to 432 Nomads for her
project Bad Immigrant.
COL advised on promotion for ACE supported tourlschool & communlty
workshop programme and shared details for 12 Solent contacts with Stories
in the Dust (Anna Harriotvlona Johnson).
COL connected Head Over Wheels to l)oth Ventnor Fringe 2025 and the
Groundwork project.
COL connected No Fit State to Portsmouth City Council In order to find them
posslble suitable locations in Portsmouth to create work in their tent.
Seed support and talent development opportunltle8
This included Ihe following activities:
Meetings with artists to track their projecls and better understand thelr
specific needs. Artisls included: 432 Nomads, Luke Brown Company,
Thomas Buckley, Hurly Burly Theatre
The mentoring of Roy Hanney 011000 Plateaus, a Porlsmouth based
collective of audio-visual artists, as he produced and presented The Riluals
for Earthly Survival project as part of We Shine Portsmouth.
The mentoring of Sasha Biloshisky of Funk Format with planning and
delivering his 1-day Portsmoulh Hip Hop Festival Pilot in Guildhall Square in
September 2024. This included supporting the Movement Artists Network
Launch as part of Ihe project and the brokering two performances of Umbra
by Company Chameleon. As part of the festival, COL directly funded a
creative professional development workshop lor Solent artists (with Company
Chameleon)
The mentoring of intern Aleisha Mainwaring from University of Southampton
over the summer, and supporled by a grant from the university.
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Working in parlnership with This New Ground on the first year ol the two year
Groundwork project including agreeing the schedule of activity; beginning Ihe
planning for the creative residency element and the creative outcomes.
Supporting Majid Dhana's professional development so he could engage with
Jen Iron's Bad Immigrant beyond his role as Community Engagement
Coordinator and experience, at first hand, Jen's creation process.
Inviting national programmers to Luke Brown's sharing of Dandelion Child at
the Portsmouth Guildhall and agreeing lo support Walk of the Dandelion
previews at Solent events.
Funding and delivering a workshop in support of Heritage Open Day at the
Slaughterhouse venue by Farmyard Circus.
A Solent Crealives Inspiration Trip for nine Solenl-based artists and creatives
lo allend the premiere of Jennifer Irons, Bad Immigrant at the Connaught
Theatre, Worlhing. The trip also connected wilh the Skates4Males project,
which COL seed-funded, and 14 Sudanese project participants attended.
Supporting two maslerclasses with Ockham's Razor at New Theatre Royal
for 12 local arlists in May 2024 and seven in February 2025.
Enabling a workshop opportunily wilh Fidget Feel Aerial as parl of
Winchester's Hal Fair and supporling two paid developmenvperformance
opportunities with Fidget Feet for Iwo emerginglearly career breakdaiicers
Irom the Solent region following an open call.
Developing a Memorandum ol Undersianding with Portsmouth Creates lo
retlect our complimentary support for arlists.
COL'S Life in Physical & Visual theatre creative careers session was adapted
and delivered to primary school groups for the first lime. Delivered by four
Solent-based performing artists, including new artists Rhiannon Taylor
(IOWIBrislol) and Poppy Winter (IOW) the 3 sessions across 1 day engaged
45 students.
rm
nt
nc
During the year COL presented and co-presented 40 perforrnances of 12 different
shows to 10,940 people in England plus an estimaled 1,850 in the rest of the world.
COL delivered 63 workshops or informal learning sessions with 1,266 participants
and delivered 12 residencies for 216 parlicipants.
Structure, governance and management
rni
nt
Crying Out Loud Limited is a company limited by guarantee governed by its
Memorandum and Articles ol Associalion. 11 is registered as a charily with the Charily
Commission.
ointment ol trustees
Trustees are norninated through the process sel out in the Articles of Association.
Ind ction and trainin
of trustees
New trustees have all observed a minimum of one board meeting prior to their
appointment.
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Crying Out Loud Limiled
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They are provided with inlormation on Crying Oul Loud Limited and their
responsibilities, including recent financial performance, artislic aclivity and the
Memorandum and Articles of Association. Most trustee nominations are people who
have seen COL'S work over a period of tirne and have a broad knowledge ol the
charity's aims and objectives. The remaining trustees are sought to cover particular
areas of exp8rlise that would be valuable lo Ihe organisalion and the Board. Trustees
are welcome lo attend all COL performances, and mosl productions are seen by
some of them.
Or
nisation
The board of trustees adminislers the charily. The Board meets quarterly bul can
have sub-committees covering areas such as environmental sustainability,
development and finances, meeting more regularly.
The Artistic Dlrector is appointed by the trustees to manage the day-to-day
operations of the charity, working alongside Ihe Executive Director. To facilitate
effective operations, the Artistic Director has delegated authority, within terms of
delegalion approved by the trustees, for operational mallers including linance,
employment and arlistic perlormance related activity.
em
nl
The 2024125 COL and Consortium Business Plan provided Ihe backbone for COL'S
activities and a new plan lor 2025126 has been written, with policies and action plans
reviewed, Our three-year lunding as part of ACE'S National Portlolio began on 1
April 2023. This funding is for supporl of COL and Consortiurn activities, our
consortium parlner being Third Version Creative (TVC). COL is the lead partner and
receives the lunding on behalf ol the partnership. The £307,488 annual funding
includes an uplifl lo support a more strategic engagernent wilh the Solenl area.
Core funding provided by ACE for the year was £307,488 (2024: £307,488). In the
year the resources expended 01 £358,141 exceeded the incoming resources of
£346,192 by £11,949.
A lull explanation of restricted resources is provided in Note 13 on page 31. The
unrestricted resources expended of £350,218 exceeded the unrestricted incoming
resources of £338,507 by £11,711.
At the balance sheet date, the net assets of the company were £147,100.
COL operates a policy of maintaining reseroes equivalent to six months supporl
costs and resources expended on managing and adminislraling the charitable
company, excluding those funds represented by lixed assets. We believe that Ihis
should provide sullicient resources to respond to unexpected adverse changes in the
charilable company's activilies. At 31 March 2025 COL had a total of unreslricted
reserves in its General Fund of £128,765 to carry forward into 2025126, signilicantly
higher than those needed to supporl the resenies policy. It is likely that the reserves
will reduce further during 2025126.
In any one year, we may earmark unrestricted general funds lor a particular project
or to use as designated funds. The reasons for the setting up of such funds, Ihe
policy for any transfers between lunds, and allocation lo or Irom designated funds,
14

Crying Out Loud Limited
(Limited by guarantee)
are stated in Note 12 to Ihe accounts.
Plans f r future
eriods
Core funding from ACE ol COL and Consorliurn activity has been granted until 31
March 2026. The strategic aims remain the same.
COL and Tblc consortium planned aclivities include:
ResearGhing and supporting Solenl based arlists and partners.
Developing and delivering Solent-based support schemes - including a week-
long residency for learning disabled artists as part of the Groundwork project
in partnership with This New Ground and supporting the development of Luke
Brown Company's Dandelion Child.
Connecting Solent artists and organisations nalionally and internationally-
including the developing and presenting A Sea of Words for Portsmouth in
collaboration wilh Hong Kong artists Kingsley Ng and Stephanie Cheung and
Portsmouth crealive group 432 Nomads.
Supporting the creation and manifeslation of new work in the UK - including
Taroo by Cie Zid., Anchored in Airnew version wilh BSL signer by Head Over
Wheels. the development of Head Over Wheel's new children's show
MWWWML ?, Lu Wong's solo show l Am. Am I, Weather Machine b Kate
Flatt, Fields ol Tender by Dalija Acin Thelander and Prima by Viktor
ernicky
Supportlng the delivery ol rural touring in south west England and in Counly
Durham through the work of Ensemble 84
Supporting international presentations of COLrrvc supported work.
Continuing the developrnent of the Carousel residency approach
Continuing to network within the creative sector, brokering opportunities, and
rnenloring arlists and their work.
As a small company, we remain in a posilion lo adapt and flex to maximise
possibilities, Our core funding is sufficient to fund our overheads, and our reserves
allow us to take some risks on rnoving aclivities forward if circumstances change
without much notice.
r risks
The trustees have conducted a risk analysis to identify the major risks to which the
company is exposed. Syslems have been put in place to mitigate these risks
whereby the risks are reviewed at the Irustees, meetings.
es'r
ment
The trustees (who are also directors of Crying Out Loud Limited for the purposes ol
company law) are responsible lor preparing the trustees, reporl and the financial
statements in accordance with applicable law and United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice),
Company law requires Ihe trustees to prepare financial slatements for each financial
year. Under that law the trustees rnust prepare the financial slatemenls in
accordance with United Kingdom Generally Accepted Accounting Practice (Uniled
Kingdom Accounting Standards and applicable law). Under company law the
trustees must noi approve the financial statements unless they are satisfied that they
give a true and fair view of the state of affairs of the charitable company and of the
incoming resources and application of resources, including the income and
15

Crying Out Loud Limlted
(Limited by guarantee)
expenditure, of the charitable company for thal period. In preparing these financial
statements, the trustees are required to:
selecl suilable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed,
subject to any material deparlures disclosed and explained in the financial
statements"
prepare the financlal statements on a going concern basis unless it is
Inappropriate to presume thal the charitable company will continue in
operation
The truslees are responsible for keeping proper accounting records which disclose
with reasonable accuracy at any time Ihe financial position of the charitable company
and which enable Ihem to ensure that the financial stalements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets ol the
charitable company and hence lor taking reasonable steps lor the prevention and
detection of Iraud and olher irregularities.
In so far as the trustees are aware:
there is no relevanl audit information (as delined by section 418{3) of the
Companles Act 2006) ol which the charitable company's auditor is unaware;
and
Ihe Iruslees have taken all steps that they ought lo have taken lo make
themselves aware of any relevant audil information and to establish that th8
auditor is aware ol that intormalion.
Small company exemptions
The above report has been prepared in accordance with the special provisions
relating to companies subject to the small companies regime within Part 15 ot the
Companies Act 2006.
This report was approved by the board ol truslees on 5 November 2025 and signed
on Its behalf by
Cat Harrlson (Chair)
Trustee
16

Crying Out Loud Limited
(Limited by guarantee)
Independent auditors, report to the members of Crying Out Loud Llmited
Oplnion
We have audited the financial statements of Crying Out Loud Limited (the 'charitable
company,) for the year ended 31 March 2025 which comprise the statement of
financial activilles, balance sheet, statement of cash flows and notes to the financial
statements, including a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and
United Kingdom Accounting Standards, including Financial Reporting Standard 102
The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion, the linancial statements:
give a true and fair view of Ihe state of Ihe charitable company's affairs as ai 31
March 2025 and ol its incoming resources and application of resources,
including its income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally
Accepted Accounting Praclice; and
have been prepared in accordance with the requirements ol Ihe Companies Act
2006.
Basis of oplnlon
We conducled our audit in accordance with International Slandards on Auditing (UK)
and applicable law. Our responsibilities under those standards are further described
in the Auditor's responsibilities for the audit of the financial statements section of our
report. We are independent of the charitable company in accordance with the elhical
requirements that are relevant lo our audil of the linancial statements in the UK,
including the FRC'S Ethical Standard, and we have fulfilled our Olher ethical
responsibilities in accordance wilh Iliese requirements. We believe that the audit
evidence we have obtained is sulficient and appropriate lo provide a basis for our
opinion.
Conclusions relaling to going concern
In auditing the financial stalements, we have concluded thal Ihe trustees, use ol the
going concern basis of accounting in the preparation ol Ihe financial statements is
appropriate.
Based on Ihe work we have performed, we have not idenlified any material
uncertainties relating to events or condilions that, individually or collectively, may
cast significant doubt on the entity's ability to continue as a going concern lor a
period of at least twelve months from when the financial statements are aulhorised
for issue.
Our responsibilities and the responsibililies of the trustees wilh respect to going
concern are described in the relevant sections of this report.
17

Crylng Out Loud Limited
(Limlted by guarantee)
Other informatlon
The truslees are responsible for the other inforrnalion. The other informalion
comprises the informalion included in the annual report other than the financial
statements and our auditor's report thereon. Our opinion on the financial statements
does not cover the other information and, except to the extent otherwise explicitly
staled in our reporl, we do not express any form of assurance conclusion thereon. In
connection with our audit of the financial statements, our responsibility is to read the
other information and, in doing so, consider whether the other information is
materially inconsistent with the financial slatements, or our knowledge obtained in
the audil or otherwise appears to be materially misstated. 11 we idenlify such material
inconsistencies or apparent material misslaiements, we are required to determine
whellier there is a material misstaiement in the financial statements or a material
misstatemenl of the Other information. If, based on Ihe work we have performed, we
conclude that there is a malerial misstatement ol Ihls other information, we are
required lo report Ihat lact.
We have nothing to report in thls regard.
Oplnlons on olher matters prescrlbed by the Companle8 Act 2006
In our opinion, based on the work undertaken in Ihe course of the audit:
the information given in the trustees, reporl, which includes the directors, report
prepared lor company law purposes, for the financial year for which the linancial
statemenls are prepared is consistent wlth the financial slateinents. and
the directors, reporl included within the Irustees, report has been prepared In
accordance with applicable legal requiremenls.
Matters on which we are requlred to report by exceptlon
In the light ol the knowledge and understanding of the charitable company arid Its
environment oblained in Ihe course of the audit, we have not identified rnaterial
Inisstatements in the trustees, reporl.
We have nothing lo report in respect of the following malters in relation lo which the
Companies Act 2006 requires us to report lo you if, in our opinion:
adequate accounting records have not been kepl, or returns adequate lor our
audit have nol been received from branches not visited by us; or
the financial slatemenls are iiot in agreemeni with the accounting records and
returns., or
certain disclosures of Irustees, remuneration specified by law are not made. or
we have not received all Ihe information and explanations we require for our
audit.
Responslbilities of trustees
As explained more lully in the truslees. responsibilities statement set oul on page 13,
Ihe trustees (who are also the directors of the charitable company lor tlie purposes ol
company law) are responsible lor the preparation ol the linancial slalements and for
being satislied that they give a true and fair view, and lor such internal control as the
truslees determine is necessary lo enable the preparation of financial statements Ihat
are free from material misstatement, whelher due to fraud or error.
18

Crying Out Loud Limlted
(Limited by guarantee)
In preparing Ihe financial statements, Ihe trustees are responsible for assessing the
charitable company's ability to continue as a going concern, disclosing, as
applicable, matters related lo going concern and using the going concern basis of
accounting unless the trustees either intend to liquidate Ihe charitable company or to
cease operations, or have no realistic alternative bul to do so.
Auditor's responsibilitles for the audit of the flnancial statements
We have been appointed as auditor under Ihe Companies Act 2006 and report in
accordance wilh this Act.
Our objectives are to obtain reasonable assurance aboul whether the financial
statements as a whole are free Iroth material misstatemenl, whether due to fraud or
error, and lo issue an auditor's report that includes our opinion. Reasonable
assurance is a high level of assurance but is not a guarantee that an audit conducted
in accordance with ISAS (UK) will always detect a malerial misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if,
Individually or in the aggregate, they could reasonably be expected lo influence the
8conomic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances ol non-compliance with laws and
regulations. We design procedures in line with our responsibililies, outlined above, to
detecl material misstatements in respect of irregularities, including fraud. The extent
to which our procedures are capable of detecting irregularities, including fraud is
detalled below:
We gained an understanding of the legal and regulatory framework applicable lo
the company and the sector in which il operales through discussions with
management, sector research, and Ihe application ol relevant audil knowledge
and experience
We made enquiries of managemenl around aclual and potential litigation and
claims
We made enquiries of management and relevant stafl, and designed our audit
procedures, including reviewing financial statement disclosures and testing ol
supporting documeniation, to assess compliance with applicable laws and
regulations. We focussed on laws and regulations which could give rise to
material misstatement in the financial statements including, but not limited to, the
Companies Act 2006, the Charities Act 2011, the Charities SORP, and the
Financial Reporting Standard 102
We identified the risk of material misslatement ol the financial statements due to
fraud and designed audit procedures to respond to the risk. We performed audit
procedures designed to address the risk ol fraud arising from management
override of controls, including, but not limited lo, testing ol journal entries and
other adjustments, reviewing accounting estimaies for evidence of bias, and
evaluating the business rationale of significant transactions outside the norrnal
course ol business.
Because of the inherent limitations of an audil, there is a risk that we will not detect
all irregularities, including those leading to a material misstatemenl in the accounts or
non-compliance with regulalion. This risk increases the more that compliance with a
law or regulation is removed from the events and transactions reflected in Ihe
accounts, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irreglilarities occurring due to fraud ralher than
19

Crying Out Loud Limited
(Limlted by guarantee)
error, as fraud involves intentional concealment, forgery, collusion, omission or
misrepresentation.
A further description of our responsibilities for the audit of the financial statements is
located on the Financial Reporling Council's website at:
https:Ilwww.frc.org.uklauditorsresponsibililies this description forms part of our
auditor's report,
Use of our report
This report is made solely to the charitable company's members, as a body, in
accordance with Chapter 3 01 Part 16 of the Companies Act 2006. Our audit work
has been undertaken so Ihal we mighl slate to the charitable company's members
Ihose matters we are required to state to them in an auditor's report and lor no other
purpose. To the fullest extent permilted by law, we do nol accept or assume
responsibility to anyone other Ihan the charitable company and the charilable
company's members as a body, for our audit work, lor this reporl, or for the opinions
we have formed.
Kerry Lawrance FCA
Senior Statutory Audltor
For and on behalf of Compass Accountants Llmlted, Slatutory Audllor
Venture House, The Tanneries
East Street
Titchfield
Hampshire
P014 4AR
Date: i ITh ￿0￿CHe£ll 20
20

Crying Out Loud Limited
(Limited by guarantee)
Statement of financlal activities (including income and expenditure account)
lor the year ended 31 March 2025
Unrestricted Restrlcted
funds
funds
2025
Total
Unrestrlcted Reslrlct8d
funds
funds
2024
Total
Notes
Incoming resourcès
Incoming resources from generated funds:
Voluntary income
Investnient income - bank
interest
Incoming resources from charitable
aclivilies..
Theatrical income
Project specific funding
Total Incomlng resources
307.488
307,488
307,574
307,574
3.904
3,904
2,705
2,705
17.115
10.000
338,507
17,115
17.685
346,192
18,471
5,792
334,542
18,471
8,648
337,398
7.685
7,685
2.856
2,856
Resources expended
Cosl of generaling funds
Fundralsing cosls
Charilable activities
Productionlproject cosls
Support costs
Total resourcès expended
24.776
24,776
28,641
28,641
225,608
99,834
350,218
7.923
233,531
99,834
358,141
223,418
95,549
347,608
4,295
227.713
95,549
351,903
7,923
4,295
Net movement in funds
Net incomel{expenditure) for the
year
(11,711)
(238) {11,949)
(13,066) (1,439) {14,505)
Total funds brought forward
158 811
238
159 049
171877
173 554
Total funds Carrled forward
14
147 100
147 100
158811
238
159 049
The notes on pages 2610 32 torm an integral part of Ihese financial staiemenls.
21

Crying Out Loud Llmlted
(Limited by guarantee)
Year ended 31 March 2025
2025
2024
Incomlng resources
Incomlng resources from generated funds
Voluntary income
Grants
ACE - main
Sponsorship
Donations
307,488
307,488
86
307,574
307,488
Incomlng resources from charltable activlties
Theatrical Income
Performance fees
Educalion Fees
Project fees
Expenses reimbursed
Other income
7,497
470
4,055
5,093
12,213
646
913
4,699
17,115
18,471
Project specific fundlng
Grant: ACE - Managed Funds
Local authority funding
Grant.. Trusll Foundation
Third Version Creative
Other grants & bursaries
Other projecl funding
1,000
500
1,356
5,000
5,185
10.000
2.500
792
8,648
17.685
22

Crying Out Loud Limited
(Limited by guarantee)
Year ended 31 March 2025
2025
2024
osts of
eneratln
Fundraising
Salaries and fees
fund
24,776
24,776
28,641
28,641
tlvities
Project and activity costs
Project development and presentation fees
Project workshopl education fees
Consortium parlner fees - Third Version Creative
Project development and presentation costs
Project workshopl education costs
Project team Iravel and transport costs
Project team accommodation and subsistence costs
Project markeling, documentation and evalualion costs
COL team - activily cost of employment and fees
COL team project travel, accommodation and subsistence
COL activity support and marketing costs
23,523
3.669
48,925
327
188
9.790
7.180
1,033
96,101
14,080
28.715
233,531
39,242
4.796
35.625
4,864
633
9,648
7,674
2.593
94,991
9,764
17.883
227.713
Support costs
rh
Renl and rates
Insurance
Depreciation of fixtureslfiltingslequipment
Loss on disposal of lixed assets
17,624
3,750
843
18,618
3,543
1,123
22,217
23.284
ni
tr
Salaries
IT costs
Office communication costs
Office Sundries
Oflice travell transporl
Hospitality
28,666
4,873
947
729
2,387
28
37.630
25,459
4,286
1,793
959
2,469
34,966
Bank charges
Legallprofessional
(Profit)Iloss on exchange
194
74
877
1,145
185
53
1,595
1,833
Gov
rnance Gosts
Salaries
Bookkeeping
Auditors, remuneration
Board expenses
28.666
6,259
3,265
652
38.842
25.459
5.832
3.265
910
35,466
99.834
95,549
23

Crying Out Loud Llmited
(Limited by guarantee)
Company number 2650108
Balance sheet
31 March 2025
2025
2024
Notes
Flxed assets
Tangible assets
2.529
3,372
Current assels
Debtors
Cash at bank and In
hand
10.676
159,428
11,461
169,801
170.104
181,262
Creditor8: amounts
falllng due within
one year
10
25,533
25,585
Net current assets
144,571
155,677
Net assets
147.100
159,049
Unrestrlcted funds
Designated lund
General lund
12
18,335
128,765
8,335
150.476
Restricted funds
13
238
Total charlty funds
147.100
159,049
These financial stalements have been prepared in accordance wilh the special
provisions relating to the small companies, regime within Parl 15 of Ihe Companies
Act 2006.
The financial statements were approved by the board ol trustees on 5 November
2025 and signed on its behall by
Cat Harrison (Chalr)
Trustee
Trustee
The notes on pages 26 to 32 form an integral parl of theso financial statements.
24

Crying Out Loud Llmlted
(Limited by guarantee)
Statement of Cash Flows
For year ending 31 March 2025
2025
2024
Notes
Cash provided by (used
In) operating activities
15
(13,399)
12,102)
Cash Flows from
investlng activities
Interest income
Proceeds from sale of fixed
assets
Purchase of tangible fixed
assets
Cash provided by (used
In) Investing actlvltles
2,705
1,264
3,904
1,441
Cash Flows from
financlng activities
Profit (Loss) on exchange
Cash provided by (used
In) Invesling acllvitles
878
1,595
878
1,595
Increase (decrease) In cash
and cash equivalents in the
year
(10.373)
(2.256)
Cash aiid cash equivalents
at the beginning of the year
169.801
172,057
Total cash and cash
equlvalents at the end of
the year
159,428
169,801
25

Crying Out Loud Limited
(Limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
Accountlng pollcles
Statutory information
The charity is a private company limited by guarantee with no share capital,
domiciled in England and Wales, registration number 02650108. In the event
of the charity being wound up the liabilily in respect ol the guarantee is
restricled lo £1 per rnember of the company.
The address ol its registered office is Venture House, The Tanneries, Easl
Street, TitGhfield, Hampshire, P014 4AR.
The charity meets the definition of a public benefit entity under FRS102.
The presenlation currency is £ Slerling.
Basls of preparlng the flnanclal statements
The financial slatements are prepared under Ihe hislorical cost convention,
Companies Act 2006, Charities Act 2011 (FRS 102) and the Charities
Stalement ol Recommended Praclice (SORP2019). The Truslees have
evaluated the funding and operating activities and reserves positlon and have
no material uncerlainlles about the Charity's ability to conlinue as a going
concern.
Incomlng resources
All incoming resources are included in tl)e statement of financial activities
when the charily is legally entitled to the income aiid the amount can be
quantilied wilh reasonable accuracy.
Incoming resources from generated funds
Graiitslsponsorshipldonalions are recognised in incoming resources in the
year in which they are receivable, except as follows:
> when donors specity that grantsldonations given to the charity must
be used in future accounting periods, the income is deferred until
those periods
> when donors impose conditions, which have to be lulfllled before the
charity becoines entitled lo use such income, the income is deferred
and not included in incoming resources until the preconditions for use
are met
Investment income is recognised on an accruals basis.
Donated services and facilities are included at the value to the charily wliere
this can be quantilied. The value ol serrfices provided by volunteers has not
been included in these accounts.
Incomlng resources from charitable activities
Theatrical income - income from box olfice, perlormanco fees and sundry
other theatrical income is included in incoming resources in Ihe period in
which the relevanl show lakes place.
26

Crying Out Loud Llmited
(Limlted by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
Project specific funding - when donors specity thal donations and grants are
for parlicular restricted purposes, which do not amount to pre-conditions
regarding entitlement, this income is included in incoming resources of
restricted funds when receivable.
Voluntary Income
Voluntary income received by way ol donations and gifts is included in
Incoming resources when receivable. The value of services provided by
volunteers has not been included.
Resources exp8nded
All gxpendilure is included on an accruals basis inclusive of any VAT which
cannot be recovered and is recognised when there is a legal or constructive
obligation lo incur the costs.
Cosls of generating funds
Costs incurred in attracting voluntary income, and Ihose incurred in trading
activlties that raise lunds.
Charltable activitles
nl
Costs incurred in the developmenl, production and runnlng ol productions or
other relevant projects toured in the year.
rl
The administrative and overhead costs associaled with running the oltice
from which the company operates, and the costs associated wilh the
constitutional and slalulory requlrements of the charily. These have all been
allocaled to the charilable aclivilies cost heading as the proporllon spent on
costs of generating funds is considered immalerial.
Tanglble flxed assets and depreclallon
Individual lixed assels costing £1,000 or more are capitalised at cost.
Depreciation is provided at annual rates calculated to write off the cost less
residual value of each asset over its expected useful life, as follows:
Fixtureslfitlingslequipmenl - 25 % on reducing balance
Circus equipmenl - 25 % on reducing balance
Forelgn currencies
Monetary assets and liabilities denominated in foreign currgncies are
translated into sterling at the raies of exchange ruling at the balance sheet
date, Transactions in foreign currencies are translated at the date of the
transactions. All gains and losses on exchange are writlen oll in the income
and expenditure account.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand, call deposits, and olher
short-term highly liquid investments that are readily convertible to a known
amount of cash and are subject to an insignificant risk of change in value
27

Crying Out Loud Limited
(Llmited by guarantee)
Notes lo the financial statements
for the year ended 31 March 2025
Trade debtors
Trade debtors are amounts due from customers lor merchandise sold or
services pertormed in the ordinary course of business.
Trade debtors are recognised initially at the Iransaction price. They are
subsequently moasured at amorlised cost using Ihe effective interest method,
less provision for impairment. A provision for the irnpairmenl of trade debtors
is eslabllshed when there is objective evidence that the charily will not be
able to collecl all amounts due according to the original lerms of the
receivables.
Trade credltors
Trade creditors are obligations lo pay for goods or services Ihal have been
acquired in the ordinary course ol business from suppliers. Accounts payable
are classified as current liabilities if the charity does not have an unconditional
right, al Ihe end of the reporting period, to defer settlement of the creditor for
at least twelve months after the reporling date. If there is an unconditional
right to defer settlement for at least Iwelve months after the reporling date,
they are presented as non-current liabilities.
Trade creditors are recognised inillally at the transaction price and
subsequently measured at amorlised cost uslng the ellective interest method.
1.10. Fund accounting
Funds held by the charity are eilher:
Unrestricted general lunds- these are funds which can be used in
accordance with Ihe charitable objects al the discretion ol Ihe trustees.
Restricted funds - these are funds that can only be used lor parlicular
reslricled purposes williin the objects of the charity. Restrictions arise
when specified by the donor or when funds are raised lor particular restricled
purposes.
Further explanation ol the nature and purpose of each fund is Included In the
notes lo the financial statements.
1.11. Leases
Rentals paid under operating leases are charged to Ihe statement of financial
activities on a straight lino basis over Ihe lease term.
Incoming resources
The total incoming resources for Ihe year have been derived from the
principal aclivity. The proporlion ot theatrical income derived from outside the
UK amounted to 300/0 (2024 - 399/0).
28

Crying Out Loud Limited
(Limited by guarantee)
Notes to Ihe financial statements
for Ihe year ended 31 March 2025
Net income for the year is stated after charging:
2025
2024
Depreciation of tangible fixed assets
Loss on disposal of lixed assets
Lossl(Profil) on foreign exchange
Audilors, remuneration - statulory audit
Auditors, remuneralion olher services
843
1,123
878
3,000
265
1 ,595
3,000
265
Trustees, emoluments and relmbursed expenses
The trustees re￿iVed no remuneration during the year {2024 - £nil).
The aggregated amount reimbursed to trustees during the year was £177
(2024 - £238).
Staff costs and numbers
2025
2024
Staff costs
Salaries and wages
Social security costs
Pension costs
162,003
11,940
3,326
177,269
150.064
7.895
2,382
160,341
One employee earned between £70,000 - £80,000 during the year (2024 -
one employee earned between £60,000-£70,000).
The total benefits received by Key Management personnel during th8 year
were: Artistic Direclor £83,819 (2024 £81,380); Executive Director £31 ,589
(2024 - £26,890).
The trustees did nol receive any remuneration during the year,
Staff numbers (full tlme equlvalent)
The average numbers of employees (including casual and part-time staff)
during the year was made up as follows:
2025
Number
0.35
1.70
0.44
0.43
2.92
2024
Number
0.35
1.58
0.44
0.43
2.80
Cost of generating lunds
Charitable activilies.. Projects
Charitable activities: Administralion
Charitable activities: Governance
Pensions and other post-retirement obligations
The charity operates a defined conlribution pension scheme which is a
pension plan under which fixed contributions are paid inlo a pension lund and
the charity has no legal or constructive obligation to pay furlher contributions
even if the fund does not hold sulficient assets to pay all employees the
benefits relating to employee service in the current and prior periods,
29

Crying Oul Loud Limited
(Llmlted by guarantee)
Notes to Ihe financial statements
for the year ended 31 March 2025
Contributions to delined conlribution plans are recognised in the Statemenl of
Financial Activities when they are due. If contribution paymenls exceed the
contribution due for service, the excess is recognised as a prepayment,
Taxation
No provision for corporalion tax has been made as the charity is exempl from
corporation lax on its income and gains to the extent that Ihese are applied to
its charilable activities.
Flxed assets - tanglble assets
Flxluresl
Clrcus
f ittingsl
equipment equlpment
Total
Cost
1 April 2024
Additions during year
Disposals during year
31 March 2025
2,655
5.558
8,213
2,655
5,558
8,213
Depreciation
1 April 2024
Disposals during year
Charge lor year
31 March 2025
1.120
3,721
4,841
384
1,504
459
4,180
843
5,684
Net book value
31 March 2025
31 March 2024
1,151
1,535
1,378
1,837
2,529
3,372
Debtors
2025
2024
Trade deblors
Other debtors
Prepaymentslaccrued income
462
5,783
4,341
10,676
2,561
3,747
5,153
11,461
10. Creditors: amounts falllng due within one year
2025
2024
Trade creditors
Other taxalionlsocial security
Other creditors
Accrualsldeferred income
7.117
4,105
1 ,362
12.949
25.533
15,665
3,957
433
5,530
25,585
11.
Limited by guarantee
The company is lirnited by guarantee and does not have a share capital.
Each member gives a guarantee to contribute a sum, not exceeding £1, to the
company should it be wound up. Al 31 March 2025, there were 9 members
30

Crying Out Loud Limited
{Limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
12.
Unreslrlcted funds
Brought
forward
Incoming
Yesources
Outgoing
resources
Cariied
forward
2025
Designated fund
General lund
8,335
150,476
158.811
10,000
328,507
338,507
18.335
128,765
147,100
(350,218)
(350,218)
Designated funds are funds Ihat have been agreed and set aside for two
specific f uture activities:
1. £8,335 for activities by our consortium partner- Third Version
Creative.
2. £10,000 for activities in the Solent area carried forward into 2025126
The allocation to or from designated funds are agreed in the Consortium
Business Plan and overseen by the Consortium Board.
2024 comparatlve
Designated fund
General fund
43,960
290,582
334,542
(35,625)
(311,983)
(347,608)
8.335
150.476
158,811
171,877
171.877
13.
Restrlcted funds
Intern Support
University of Southampton provided a grant lo support the employment of a
student intern from Universily of Southampton over the summer of 2024.
Taroo - Bradford
Bradlord City Council provided support for workshop and presentation costs
for Company Zid as parl ol the BD:Festival in 2024.
Brought
forward
Incomlng
resources
Outgoing
resources
Carrled
forward
2025
Intern support
Taroo - Bradford
2.500
5,185
7,685
(2,500)
(5.423)
7.923
238
238
Brought
forward
Incomlng
resources
Outgoing
resources
Carried
forward
2024 comparative
Circus Change UP
Taroo - London
Taroo - Bradford
1.677
1,000
1.356
500
2,856
(2,677)
1.356
262
4.295
238
238
1.677
31

Crying Out Loud Limited
(Limited by guarantee)
Notes to the flnancial statements
lor the year ended 31 March 2025
14.
Analysis of net assets between funds
General
funds
Restricted
funds
Total
Fund balances at 31 March 2025 were
represented by:
Tangible fixed assets
Current assets
Creditors: amounts falling due within one
year
2.529
170,104
2,529
170,104
25,533
147.100
25,533
147,100
Fund balances at 31 March 2024 were
represented by:
Tanglble fixed assets
Currenl assets
Creditors: amounts falling due withln one
year
3,372
181,024
3,372
238 181,262
25,585
158.811
25,585
238 159,049
15. Reconclllatlon of net movement In funds to
net cash flow from operating aclivilie8
2025
2024
Net movement in funds
Add back depreciation charge
Add back disposal ol flxed assets
Deduct interesl income shown in investing
activities
Add back (profit) loss on linancing activities
Decrease (increase) in debiors
Increase (decrease) in creditors
(11.949)
843
(14,505)
1,124
(3,904)
(2,705)
878
785
(52)
13,399
1,595
(1,397)
13,786
2,102
17.
Related Party Transactlon
There were no related parly transactions during Ihe year.
32